Financing of investments in photovoltaic systems
Piraeus Bank offers financing solutions for SMEs that want to invest in the construction of photovoltaic power stations, securing financing for your investment plan, whether as part of a development programme or fully covered by own capital and bank loans.
Financing of investments in net metering systems
Supporting Green Entrepreneurship, Piraeus Bank had developed specialised products designed to finance businesses that want to invest in the purchase and installation of photovoltaic net metering systems on favourable terms.
Financing for Business Energy Retrofitting
Piraeus Bank provides financing solutions for businesses that want to improve the energy performance of their operations, whether through acquiring new equipment (devices with high energy efficiency ratings) or through appropriate retrofitting of premises (thermal insulation, replacement of window/door frames, shading devices, etc.).
PF4EE - Financing of “Energy Efficiency” investments
As part of its collaboration with the European Investment Bank (EIB), Piraeus Bank has reached a bilateral an agreement amounting to €100 million, aiming to finance energy efficiency projects via the Private Finance for Energy Efficiency (PF4EE) programme.
PF4EE is a pilot EU programme and an innovative instrument that combines liquidity and loan guarantees. This is the largest collaboration under this financing programme throughout Europe, and the only one in Greece.
The Private Finance for Energy Efficiency (PF4EE) instrument benefits from the support of the European Union through the LIFE programme.
Financing through the Infrastructure Fund of Funds
Through the Fund, Piraeus Bank will finance “clean” energy projects, such as wind farms, photovoltaic power stations, biogas and biomass installations, as well as hydropower plants. At the same time, new investments can be financed to improve energy efficiency of public and private buildings.
Specialised Assessments of Investment plans
- Sustainability Assessment, designed to holistically assess the credit risks that may occur in a new investment and/or existing investment activities and business facilities, while also assessing the financial, environmental and social risks that may arise;
- Techno-economic Assessment of Green Entrepreneurship Projects, designed to assess new business Projects related to “green” investments by examining the technology implemented and its cost, the choice of equipment, the project’s expected productivity, the installer’s experience and licensing maturity.
First Financing by Piraeus Bank to TERNA-ENERGY Group with criteria related to Environmental, Social and Governance issues.
In the context of the long-term financing of TERNA ENERGY Group Renewable Energy Source (RES) projects, Piraeus Bank was the first in Greece to include principles of Environmental, Social and Corporate Governance in financing criteria.
These principles promote sustainable growth and take into account, among other things, the following:
- Reduction of annual carbon dioxide equivalent (CO2eq) emissions, within the next five years overall, by at least 20%.
- Implementation of the Eco-Management and Audit System (EMAS).
This financing reflects €150 million in TERNA ENERGY investments for Renewable Energy Sources in Greece (wind parks, hydroelectric projects and solar parks) producing a total power of over 120 MW.
In this way, Piraeus Bank is consolidating its leading position in financing of the RES sector, while at the same time manifesting its commitment to the Principles of Responsible Banking, transparently implementing ESG principles in its banking procedures that take into account environmental protection and society’s support.